OPEN-SOURCE SCRIPT

Elder Impulse System

Quickly Identify Trends with the Elder Impulse Indicator.

Pretty much the same as https://www.tradingview.com/script/oCbEFfpg-Indicator-Elder-Impulse-System/, but written from scratch to be simpler to use and the source code easier to read (no offense, LazyBear)

For more info, see http://stockcharts.com/school/doku.php?id=chart_school%3Achart_analysis%3Aelder_impulse_system
Exponential Moving Average (EMA)Technical IndicatorsMoving Average Convergence / Divergence (MACD)trends

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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